Needham Stick to Their Buy Rating for Coinbase Global By Investing.com

Needham analyst John Todaro maintained a Buy rating on Coinbase (NASDAQ:) Global on Friday, setting a price target of $420, which is approximately 76.84% above the present share price of $237.5.

Todaro expects Coinbase Global to post earnings per share (EPS) of $7.77 for the third quarter of 2021.

The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Coinbase Global, with an average price target of $355.46.
The analysts price targets range from a high of $500 to a low of $220.

In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $2.23 billion and a net profit of $874.73 million. The company’s market cap is $50.1 billion.

According to TipRanks.com, Needham analyst John Todaro is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -9.6% and a 0.00% success rate.

Coinbase Global Inc is a provider of end-to-end financial infrastructure and technology for the crypto-economy. It generates substantially all its net revenue from transaction fees from trades that occur on its platform. Geographically, it derives a vast majority of its revenues from the US followed by the rest of the world.

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